NewAlpha Pumps $50M Into New Credit Hedge Fund

Oct 20 2008 | 1:15pm ET

NewAlpha, a French alternative investments incubation shop, has entered into its eleventh seeding agreement, a US$50 million investment in a portfolio managed by Concerto Asset Management.

Concerto, based in Charlotte, N.C., is a multi-strategy shop with a focus on the U.S. corporate credit asset class. The firm is headed by CEO and chief investment officer Julie Bouhuys, who most recently as head of fixed-income credit products at Wachovia Corp.

The firm will invest primarily in U.S. leveraged loans and distressed investments, but its investment scope may also incorporate other credit asset classes. Its investing style balances fundamental credit analysis, relative value analysis and active portfolio management.

NewAlpha was established in 2003 by the ADi group, an independent French alternative fund manager founded in 1998 by Erich Bonnet and Christophe Bourret. It has currently approximately US$400 million under advisory.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of